Real Estate News 
There are currently 8 blog entries related to this category.
Chautauqua Lake Real Estate Market update. First quarter of 2011
Sunday, April 17th, 2011 at 5:45pm. 261 Views, 1 Comments.
Chautauqua Lake Real Estate Market update. Data is only considering single family Lake Front homes based on Chautauqua County multiple listing systems (MLS).
Comparing the first quarter of 2010 ending March 31st to the first quarter of 2011 Chautauqua Lake Front home sales have soared.
January 1st to March 31st 2010, based on the Chautauqua County MLS systems recorded 9 closed transactions.
In 2011 from January 1st to March 31st the Chautauqua County MLS system recorded 16 transactions. This accounts for a 56 percent JUMP in closed listings for the first quarter of the year in 2011 compared to the first quarter of 2010.
Compared below is the average closed price, (days on market) DOM.
2010
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Chautauqua Lake Real Estate is off to a great start in 2011!
Monday, February 21st, 2011 at 3:25pm. 497 Views, 1 Comments.
Comparing the first 50 days of 2010 to the first 50 days of 2011 Chautauqua Lake Front home sales have soared.
January 1st to February 19th 2010, based on the Chautauqua County MLS systems had recorded 4 closed transactions.
In 2011 from January 1st to February 19th the Chautauqua County MLS system recorded 15 transactions. This accounts for a 250 percent JUMP in closed listings for the first 50 days of the year.
Compared below is the average closed price.
2010
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Free Home Make Over
Wednesday, December 29th, 2010 at 3:35pm. 311 Views, 0 Comments.
HGTV Looking for Makeover Candidates
Anyone who would like to have HGTV roll up in an 18-wheeler and do an instant home makeover should get ready to apply.
Beginning Saturday, Jan. 1, visitors can go to HGTV.com and upload photos of their homes in need of transformation. Winners will receive a high-end home makeover and the chance to appear on HGTV.
HGTV personalities participating in the makeovers include David Bromstad (Color Splash), John Gidding (Curb Appeal: The Block), Genevieve Gorder (Dear Genevieve), Sabrina Soto (Get It Sold and Real Estate Intervention), and Vern Yip (HGTV Design Star). Each week, one designer will pull up to the home selected for a makeover in a specially outfitted HGTV truck.
The series will air during the summer of 2011.
Source:…
Chautauqua NY Lake Properties offer Ray of Sunshine in the Mist of a Bleak Real Estate Market
Tuesday, November 2nd, 2010 at 2:25pm. 890 Views, 1 Comments.
Based on the Chautauqua County, New York MLS(Multiple Listing Service) data, the number of Chautauqua Lake property Sales for 2010 year to date have increased 18 percent over that of the same time period for 2009.
Interesting facts for Lake Front properties
Data based on Sales from January 1, 2010 - October 28, 2010
Average sale price $268,800.00
Average square footage 1,861
Average days on market 128
Looking at the largest segment, Lake Front Properties priced between $200,000 and $400,000
- January 1st to October 28th 2009, the average sale price was $298,000
- January 1st to October 28th 2010, the average sale price was $276,500
In comparison, there has been a 7% decrease in sales price but an increase in the number of unit sales for…
Mortgage Rates at New Lows, Thanks to Europe's Debt Crisis
Tuesday, May 25th, 2010 at 12:13pm. 633 Views, 0 Comments.
On Monday May 24, 2010, 12:44 pm EDT
Here's some good news for the struggling US housing market: Thanks to the European debt crisis, mortgage rates are at historic lows.
The current average rate for a 30 year fixed loan is 4.87 percent, according to Bankrate.com. That's the lowest rate for the 30 years since Bankrate started keeping track 25 years ago.
Even jumbo loan rates-loans for more than $417,000-have fallen. The 30-year fixed jumbo loan is at an average rate of 4.5 percent, down from nearly 6 percent at this time last year.
"It's the best time in our generation to buy," says Mark Zandi, chief economist at Moody's. "It may be the best time in any generation. Mortgage rates are so low and with homes prices down and lots of inventory, you…
Out of Town buyer still find value in Chautauqua Lake Real Estate
Tuesday, March 9th, 2010 at 4:32pm. 306 Views, 0 Comments.
While property values plummet in other areas our jewels of the County; Chautauqua Lake and Chautauqua Institution have held their value.
Sales on Chautauqua lake have picked up considerably in the second half of 2009. Out of town buyers are finding their investment in Chautauqua properties have appreciated well in normal times and are maintaining their value during the recession. I recently participated in the sale of the Packard Manor located at 10 Elm Lane, Chautauqua Institution. An historic property located on the shores of Chautauqua Lake. The home was built by William D. and Katherine B Packard (of the Pakard Automobile Family) in 1915.
January 2010 New York State Home Sales up 11 Percent From Year Ago
Sunday, March 7th, 2010 at 12:06pm. 371 Views, 0 Comments.
ALBANY, NY--(Marketwire - February 26, 2010) - The New York state housing market posted an improved start to 2010 compared to the beginning of last year with sales increasing by 11 percent compared to January 2009, according to preliminary single-family sales data accumulated by the New York State Association of REALTORS®. The statewide median sales price jumped more than 30 percent compared to January 2009.
"We are encouraged by the improved start to the 2010 housing market," said Duncan R. MacKenzie, NYSAR chief executive officer. "Despite the fall off from a very strong December market, the 11-percent increase in sales from last January and the median price gain are good signs for the continued recovery of our housing market into 2010."
MacKenzie…
Chautauqua Real Estate holds it's value.
Saturday, January 30th, 2010 at 9:52am. 536 Views, 0 Comments.
A historic home in Chautauqua County is no longer on the market, thanks to a $3 million deal.
Richard Benedetto, broker and co-owner of Real Estate Advantage, reported that his firm will be closing out this year with the recent sale of the Packard Manor Estate at 10 Elm Lane. The property located on the shores of Chautauqua Lake sold for a reported $3 million.
"While property values have plummeted in other areas across the country, the jewels of Chautauqua Lake and Chautauqua Institution have held their value," said Benedetto, who participated in the sale of the manor. "Like all market segments, the luxury housing market is experiencing unique challenges. Although the residential real estate market in the Southern Tier has not been immune to the…
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